Telehandler Market Size, Share and Growth Forecast 2025-2033
Rohit Pujari
IMARC Group’s report titled “Telehandler Market Report by Product (Compact Telehandler, Large Telehandler), Type (Rotating, Non-rotating), Ownership (Rental, Personal), Height (Less Than 50 ft, 50 ft & Above), Capacity (Below 3 Tons, 3-10 Tons, Above 10 Tons), Application (Construction, Agriculture, Forestry, Mines and Quarries, and Others), and Region 2024-2032”, The global telehandler market size reached US$ 6.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 10.9 Billion by 2032, exhibiting a growth rate (CAGR) of 5% during 2024-2032.
Factors Affecting the Growth of the Telehandler Industry:
- Growing Demand in Construction and Infrastructure:
The rapid market growth of telehandler equipment occurs because construction and infrastructure projects continue to expand. Cities expand with new government developments creating a need for telehandlers to handle heavy material lifting while working on challenging landscapes. Generous attachment versatility allows these industrial equipment pieces to take on multiple jobs between their bucket and fork and winch features. The growing adoption of modular construction and prefabricated techniques creates demand for telehandlers because these devices facilitate fast structure assembly. Telehandlers will persist as market leaders because the ongoing support for infrastructure development and sustainable building approaches continues.
- New Technology and Automation:
Today's technology advances continue to refine telehandlers into products which offer greater safety while providing user convenience together with improved operational efficiency. The integration of telematics technology enables businesses to trace machine performance data and create maintenance schedules which minimize operational downtime. Automated equipment including self-leveling booms with load management capabilities generates dual benefits of minimization of accidents and enhanced handling capabilities. Electric and hybrid telehandlers present modern alternatives for emission reduction which exceeds gasoline-powered telehandler standards. Enterprises will increasingly opt for telehandlers because of continuously enhanced technologies combined with elevated operational efficiency as well as environmental advantages.
- Growing Use in Agriculture and Other Industries:
Construction continues as the dominant market for telehandlers but businesses in agriculture manufacturing and logistics sectors are increasingly using these tools. The agricultural sector employs telehandlers to move hay bales and shift feed but also to handle weighty materials because their compact size provides benefits beyond conventional forklift usage in narrow areas. Telehandlers serve the needs of waste management and manufacturing facilities by supporting materials loading operations. Telehandlers are emerging as crucial equipment because businesses seek adaptable solutions which provide high operational efficiency across various industrial sectors.
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Leading Companies Operating in the Global Telehandler Industry:
- AB Volvo
- Caterpillar Inc.
- Doosan Infracore Co. Ltd.
- Haulotte Group (Solem SA)
- J.C. Bamford Excavators Limited
- JLG Industries Inc. (Oshkosh Corporation)
- Komatsu Limited
- Liebherr Maschinen Bulle AG
- Manitou Group
- Merlo S.p.A. Industria Metalmeccanica
- Skyjack Inc. (Linamar Corporation)
- Terex Corporation
- Wacker Neuson SE
Telehandler Market Report Segmentation:
Breakup By Product:
- Compact Telehandler
- Large Telehandler
Breakup By Type:
- Rotating
- Non-rotating
Breakup By Ownership:
- Rental
- Personal
Breakup By Height:
- Less Than 50 ft
- 50 ft & Above
Breakup By Capacity:
- Below 3 Tons
- 3-10 Tons
- Above 10 Tons
Breakup By Application:
- Construction
- Agriculture
- Forestry
- Mines and Quarries
- Others
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Telehandler Market Trends:
Several key trends are shaping the future of telehandlers. More companies are looking for eco-friendly options, leading to the development of electric and hybrid models that reduce fuel use and emissions. Safety features are improving, helping prevent workplace accidents. Rental services are becoming more popular, as companies prefer renting telehandlers instead of buying them to save money and increase flexibility. Digital technology, such as remote monitoring and predictive maintenance, is also growing, helping businesses keep their machines running efficiently. As these trends continue, the telehandler market is expected to grow, offering better and more sustainable solutions for material handling.
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